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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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BEACH FIRST NATIONAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
BEACH FIRST NATIONAL BANK |
| Address | 1550 OAK ST
MYRTLE BEACH, SC 29577 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 567 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $166,102,000 |
| Average Mortgage Loan Amount Applied For | $232,436 |
| Highest Mortgage Loan Amount Applied For | $9,000,000 |
| Average Applicant Income | $100,227 |
| Highest Applicant Income | $5,842,000 |
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| Home Improvement |
16 | $1,791,000 |
$111,000 | $500,000 |
$307,000 | $3,249,000 |
| Home Purchase |
317 | $94,664,000 |
$298,000 | $9,000,000 |
$127,000 | $5,842,000 |
| Refinancing |
234 | $69,647,000 |
$297,000 | $3,750,000 |
$114,000 | $1,517,000 |
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| American Indian or Alaskan Native |
3 | $749,000 |
$249,000 | $355,000 |
$119,000 | $151,000 |
| Asian |
8 | $1,805,000 |
$225,000 | $400,000 |
$119,000 | $216,000 |
| Black or African American |
61 | $12,094,000 |
$198,000 | $650,000 |
$91,000 | $247,000 |
| Hispanic |
29 | $6,765,000 |
$233,000 | $460,000 |
$101,000 | $373,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
72 | $40,934,000 |
$568,000 | $9,000,000 |
$9,000 | $682,000 |
| Not Provided |
17 | $3,734,000 |
$219,000 | $540,000 |
$146,000 | $300,000 |
| White |
377 | $100,021,000 |
$265,000 | $3,264,000 |
$156,000 | $5,842,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
566 | $165,833,000 |
$292,000 | $9,000,000 |
$127,000 | $5,842,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $269,000 |
$269,000 | $269,000 |
$96,000 | $96,000 |
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| Application Approved But Not Accepted |
1 | $332,000 |
$332,000 | $332,000 |
$247,000 | $247,000 |
| Application Denied By Financial Institution |
9 | $1,628,000 |
$180,000 | $540,000 |
$61,000 | $139,000 |
| Application Withdrawn By Applicant |
41 | $7,346,000 |
$179,000 | $440,000 |
$104,000 | $618,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
516 | $156,796,000 |
$303,000 | $9,000,000 |
$129,000 | $5,842,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
3 | $647,000 |
$215,000 | $441,000 |
$113,000 | $139,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $75,000 |
$75,000 | $75,000 |
$17,000 | $17,000 |
| Debt-To-Income Ratio |
3 | $777,000 |
$259,000 | $540,000 |
$45,000 | $93,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $89,000 |
$89,000 | $89,000 |
$31,000 | $31,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $40,000 |
$40,000 | $40,000 |
$33,000 | $33,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for BEACH FIRST NATIONAL BANK by:
Metropolitan Area And
County
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